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ICAEW Business Confidence Monitor: national

The latest ICAEW Business Confidence Monitor (BCM) shows that confidence has continued to fall against a backdrop of global economic worries and weakness in the UK. The overall declining trend reflects ever-changing news on Brexit as well as general economic data.

Download the latest report

Q1 2019 UK Business Confidence Monitor.


Key findings this quarter

  • Business confidence further weakens to -16.4, from -12.3 last quarter
  • Sales and turnover continue to grow, but the pace is gradually slowing
  • This slowdown in sales is translating into a sharper easing in profits growth
  • Weaker sales and profits growth, together with very low levels of business confidence, are having an adverse impact on investment intentions
  • Several business challenges, notably access to skills, staff turnover, late payments and transport problems, are on the rise
  • Confidence across all sectors is in negative territory, apart from IT & Communications, with the Retail & Wholesale sector the least confident


Research methodology

Find out about the research methods that underpin the ICAEW Business Confidence Monitor.

Using BCM data

If you'd like to use this data in a publication or share it with clients, please tell us in advance by emailing bcm@icaew.com, and make sure to reference 'ICAEW Business Confidence Monitor' in full whenever you are citing the data.

Taking part in the BCM

If you're an ICAEW member working in industry or commerce you might be called to give an opinion on the economic prospects facing your organisation - please spare a few minutes to take part. Your views will provide information on matters of key concern to a broader businesses community, policy-makers and the media. You'll also be helping ICAEW to promote Chartered Accountants as business people with a serious contribution on business, finance and economic issues.